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FY 2012 Results Conference Call with Analysts

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Page 1: FY 2012 Results Conference Call with Analysts 03 05...brembo / 5 March 2013 "Strictly Confidential. © Brembo S.p.A. reserves all rights of use and disposal, under the protection of

FY 2012 Results

Conference Call with Analysts

Page 2: FY 2012 Results Conference Call with Analysts 03 05...brembo / 5 March 2013 "Strictly Confidential. © Brembo S.p.A. reserves all rights of use and disposal, under the protection of

"Strictly Confidential. © Brembo S.p.A. reserves all rights of use and disposal, under the protection of the law, also in connection with I.P.R. as well as copying and passing on to third parties“brembo / 5 March 20132

Q4 2012 ResultsSummary of Consolidated Income Statement

€ Million Q4 12 % sales Q4 11 % sales % 12/11

Sales 344.0 100% 309.5 100% 11.2%

EBITDA 43.0 12.5% 34.5 11.1% 24.8%

D&A (22.2) 6.5% (19.3) 6.2% 14.9%

EBIT 20.8 6.0% 15.1 4.9% 37.3%

Financial charges 0.3 0.1% (7.6) 2.5% -103.3%

Taxes 7.7 2.2% 4.9 1.6% 56.5%

Tax rate 36.6% 65.6%

Net Result 28.8 8.4% 12.3 4.0% 134.4%

Page 3: FY 2012 Results Conference Call with Analysts 03 05...brembo / 5 March 2013 "Strictly Confidential. © Brembo S.p.A. reserves all rights of use and disposal, under the protection of

"Strictly Confidential. © Brembo S.p.A. reserves all rights of use and disposal, under the protection of the law, also in connection with I.P.R. as well as copying and passing on to third parties“brembo / 5 March 2013

€ Million FY 12 % sales FY 11 % sales % 12/11

Sales 1,388.6 100% 1,254.5 100% 10.7%

EBITDA 171.6 12.4% 148.8 11.9% 15.3%

D&A (82.2) 5.9% (75.4) 6.0% 8.9%

EBIT 89.4 6.4% 73.3 5.8% 21.9%

Financial charges (6.7) 0.5% (18.7) 1.5% -64.2%

Taxes (5.1) 0.4% (11.4) 0.9% -55.4%

Tax rate -6.1% -20.8%

Net Result 77.8 5.6% 42.9 3.4% 81.1%

3

FY 2012 ResultsSummary of Consolidated Income Statement

Page 4: FY 2012 Results Conference Call with Analysts 03 05...brembo / 5 March 2013 "Strictly Confidential. © Brembo S.p.A. reserves all rights of use and disposal, under the protection of

"Strictly Confidential. © Brembo S.p.A. reserves all rights of use and disposal, under the protection of the law, also in connection with I.P.R. as well as copying and passing on to third parties“brembo / 5 March 20134

BremboArgentina

FY 2012 Results

Page 5: FY 2012 Results Conference Call with Analysts 03 05...brembo / 5 March 2013 "Strictly Confidential. © Brembo S.p.A. reserves all rights of use and disposal, under the protection of

"Strictly Confidential. © Brembo S.p.A. reserves all rights of use and disposal, under the protection of the law, also in connection with I.P.R. as well as copying and passing on to third parties“brembo / 5 March 2013

939.5+16.2%

yoy

141.4+3.6%

yoy

184.5-5.1%yoy

Q4 12 9M 12

5

115.6+6.3%

yoy

+21.0% +5.9%-22.1%+6.8%

FY 2012 Sales by Application

Net of FX effect:y/y + 5.1%q/q + 7.3%

Page 6: FY 2012 Results Conference Call with Analysts 03 05...brembo / 5 March 2013 "Strictly Confidential. © Brembo S.p.A. reserves all rights of use and disposal, under the protection of

"Strictly Confidential. © Brembo S.p.A. reserves all rights of use and disposal, under the protection of the law, also in connection with I.P.R. as well as copying and passing on to third parties“brembo / 5 March 2013

FY 2012 Sales by Area

6

Q4 12 9M 12

207.7-7.1%

yoy

-4.5%

329.6+20.5%

yoy

+16.9%

58.2-3.4%

yoy

-21.3%

100.6+18.8%

yoy

+13.8%

164.0-6.3%

yoy

-14.6%

34.0-5.0%

yoy

-6.0%

59.9+9.0%

yoy

+42.7%

19.6+7.7%

yoy

+5.7%

67.1-0.9%

yoy

+33.5%

312.1+30.4%

yoy

+30.6%

(€ Mio)

Net of FX effect:y/y + 0,5%q/q - 3,5%

Page 7: FY 2012 Results Conference Call with Analysts 03 05...brembo / 5 March 2013 "Strictly Confidential. © Brembo S.p.A. reserves all rights of use and disposal, under the protection of

"Strictly Confidential. © Brembo S.p.A. reserves all rights of use and disposal, under the protection of the law, also in connection with I.P.R. as well as copying and passing on to third parties“brembo / 5 March 2013

FY 2012 ResultsSummary of Consolidated Income Statement

7

€ Million FY 12 % sales FY 11 % sales % 12/11

Sales 1,388.6 100% 1,254.5 100% 10.7%

EBITDA 171.6 12.4% 148.8 11.9% 15.3%

D&A (82.2) 5.9% (75.4) 6.0% 8.9%

EBIT 89.4 6.4% 73.3 5.8% 21.9%

Financial charges (6.7) 0.5% (18.7) 1.5% -64.2%

Taxes (5.1) 0.4% (11.4) 0.9% -55.4%

Tax rate -6.1% -20.8%

Net Result 77.8 5.6% 42.9 3.4% 81.1%

Page 8: FY 2012 Results Conference Call with Analysts 03 05...brembo / 5 March 2013 "Strictly Confidential. © Brembo S.p.A. reserves all rights of use and disposal, under the protection of

"Strictly Confidential. © Brembo S.p.A. reserves all rights of use and disposal, under the protection of the law, also in connection with I.P.R. as well as copying and passing on to third parties“brembo / 5 March 2013

FY 2012 EBITDA(€ Mio)

8

Page 9: FY 2012 Results Conference Call with Analysts 03 05...brembo / 5 March 2013 "Strictly Confidential. © Brembo S.p.A. reserves all rights of use and disposal, under the protection of

"Strictly Confidential. © Brembo S.p.A. reserves all rights of use and disposal, under the protection of the law, also in connection with I.P.R. as well as copying and passing on to third parties“brembo / 5 March 2013

€ Million FY 12 % sales FY 11 % sales % 12/11

Sales 1,388.6 100% 1,254.5 100% 10.7%

EBITDA 171.6 12.4% 148.8 11.9% 15.3%

D&A (82.2) 5.9% (75.4) 6.0% 8.9%

EBIT 89.4 6.4% 73.3 5.8% 21.9%

Financial charges (6.7) 0.5% (18.7) 1.5% -64.2%

Taxes (5.1) 0.4% (11.4) 0.9% -55.4%

Tax rate -6.1% -20.8%

Net Result 77.8 5.6% 42.9 3.4% 81.1%

FY 2012 ResultsSummary of Consolidated Income Statement

9

Page 10: FY 2012 Results Conference Call with Analysts 03 05...brembo / 5 March 2013 "Strictly Confidential. © Brembo S.p.A. reserves all rights of use and disposal, under the protection of

"Strictly Confidential. © Brembo S.p.A. reserves all rights of use and disposal, under the protection of the law, also in connection with I.P.R. as well as copying and passing on to third parties“brembo / 5 March 2013

Financial Charges

10

€ Million FY 12 FY 11 Δ 12/11

(A) Net financial charges (11.6) (10.9) (0.7)

Net exchange rate differencies 5.1 (6.3) 11.4

Financial charges from investments (0.2) (1.5) 1.3

Total financial charges (6.7) (18.7) 12.0

(B) Other financial charges/revenues (0.5) (1.7) 1.2

(A-B) Net financial charges (11.1) (9.2) (1.9)

Average net debt 367.4 299.7 67.7

Cost of debt 3.0% 3.1%

Revenues 1,388.6 1,254.5 134.1

Financial charges / Revenues -0.5% -1.4%

Page 11: FY 2012 Results Conference Call with Analysts 03 05...brembo / 5 March 2013 "Strictly Confidential. © Brembo S.p.A. reserves all rights of use and disposal, under the protection of

"Strictly Confidential. © Brembo S.p.A. reserves all rights of use and disposal, under the protection of the law, also in connection with I.P.R. as well as copying and passing on to third parties“brembo / 5 March 2013

Tax Rate

11

€ Million FY 12 FY 11

Current taxes 15.6 18.7

Deferred taxes (10.5) (7.3)

Total taxes 5.1 11.4

Pre-tax profit 82.8 54.7

Tax rate -6.1% -20.8%

Page 12: FY 2012 Results Conference Call with Analysts 03 05...brembo / 5 March 2013 "Strictly Confidential. © Brembo S.p.A. reserves all rights of use and disposal, under the protection of

"Strictly Confidential. © Brembo S.p.A. reserves all rights of use and disposal, under the protection of the law, also in connection with I.P.R. as well as copying and passing on to third parties“brembo / 5 March 2013

Net Financial Position(€ Mio)

Page 13: FY 2012 Results Conference Call with Analysts 03 05...brembo / 5 March 2013 "Strictly Confidential. © Brembo S.p.A. reserves all rights of use and disposal, under the protection of

"Strictly Confidential. © Brembo S.p.A. reserves all rights of use and disposal, under the protection of the law, also in connection with I.P.R. as well as copying and passing on to third parties“brembo / 5 March 2013

Net Debt Structure

13

€ Million 31.12.2012 31.12.2011 D 12/11

Current financial assets 125.5 105.5 19.9

Current financial liabilities 175.7 165.9 9.8

Short-term debt 50.2 60.4 -10.1

Non-current financial assets 0.0 0.0 0.0

Non-current financial liabilities 270.5 254.6 15.8

Long-term debt 270.5 254.6 15.8

Net debt 320.7 315.0 5.7

Page 14: FY 2012 Results Conference Call with Analysts 03 05...brembo / 5 March 2013 "Strictly Confidential. © Brembo S.p.A. reserves all rights of use and disposal, under the protection of

"Strictly Confidential. © Brembo S.p.A. reserves all rights of use and disposal, under the protection of the law, also in connection with I.P.R. as well as copying and passing on to third parties“brembo / 5 March 2013

Net Debt Structure LONG TERM SHORT TERM

14

15.7%

84.3%

15.7%

Page 15: FY 2012 Results Conference Call with Analysts 03 05...brembo / 5 March 2013 "Strictly Confidential. © Brembo S.p.A. reserves all rights of use and disposal, under the protection of

"Strictly Confidential. © Brembo S.p.A. reserves all rights of use and disposal, under the protection of the law, also in connection with I.P.R. as well as copying and passing on to third parties“brembo / 5 March 2013

Group Balance Sheet

15

€ Million 31.12.2012 31.12.2011 31.12.2010

Investments 140.6 165.3 77.2

Net invested capital 739.4 668.5 592.4

Net debt 320.7 315.0 246.3

medium/long-term 270.5 254.6 225.5

short-term 50.2 60.4 20.9

Shareholders' Equity 399.1 333.9 325.9

Page 16: FY 2012 Results Conference Call with Analysts 03 05...brembo / 5 March 2013 "Strictly Confidential. © Brembo S.p.A. reserves all rights of use and disposal, under the protection of

"Strictly Confidential. © Brembo S.p.A. reserves all rights of use and disposal, under the protection of the law, also in connection with I.P.R. as well as copying and passing on to third parties“brembo / 5 March 2013

Main Ratios

16

€ Million 31.12.2012 31.12.2011 31.12.2010

ROI 12.1% 11.0% 9.5%

ROE 19.5% 13.0% 9.8%

Gearing 80.3% 94.3% 75.6%

Net debt/EBITDA 1.9 2.1 1.9

EBITDA/Fin. charges 26.6 8.7 14.6

EBIT/Fin. charges 13.9 4.3 6.3

Fin. charges/Net revenues 0.5% 1.4% 0.8%

Page 17: FY 2012 Results Conference Call with Analysts 03 05...brembo / 5 March 2013 "Strictly Confidential. © Brembo S.p.A. reserves all rights of use and disposal, under the protection of

"Strictly Confidential. © Brembo S.p.A. reserves all rights of use and disposal, under the protection of the law, also in connection with I.P.R. as well as copying and passing on to third parties“brembo / 5 March 2013

PerformanceBrembo vs.International peers

17

Page 18: FY 2012 Results Conference Call with Analysts 03 05...brembo / 5 March 2013 "Strictly Confidential. © Brembo S.p.A. reserves all rights of use and disposal, under the protection of

"Strictly Confidential. © Brembo S.p.A. reserves all rights of use and disposal, under the protection of the law, also in connection with I.P.R. as well as copying and passing on to third parties“brembo / 5 March 2013

PerformanceBrembo vs.International peers

18

% change

FY 2012

% change

1.1.2013

CONTINENTAL 73.7 2.8

TRW 64.4 9.5

BREMBO 42.7 9.6

PIRELLI 29.5 2.8

AKEBONO 21.1 1.7

VALEO 18.1 15.0

NISSIN 13.3 18.8

SOGEFI -3.4 14.2

FAURECIA -22.2 16.9

Page 19: FY 2012 Results Conference Call with Analysts 03 05...brembo / 5 March 2013 "Strictly Confidential. © Brembo S.p.A. reserves all rights of use and disposal, under the protection of

"Strictly Confidential. © Brembo S.p.A. reserves all rights of use and disposal, under the protection of the law, also in connection with I.P.R. as well as copying and passing on to third parties“brembo / 5 March 2013

PerformanceBrembo vs.International peers

19

BLOOMBERGEMEA AUTO

PARTS &EQUIPMENT INDEX

EURO STOXXTOTAL MARKETVALUE SMALL(EUR) INDEX

FTSEMIB

B R E M B O

Page 20: FY 2012 Results Conference Call with Analysts 03 05...brembo / 5 March 2013 "Strictly Confidential. © Brembo S.p.A. reserves all rights of use and disposal, under the protection of

"Strictly Confidential. © Brembo S.p.A. reserves all rights of use and disposal, under the protection of the law, also in connection with I.P.R. as well as copying and passing on to third parties“brembo / 5 March 2013

THANK YOUFOR YOUR ATTENTIONThe Manager in charge of the Company’s financial reports, Matteo Tiraboschi, declares, pursuant toparagraph 2 of Article 154-bis of Italy's Consolidated Law on Finance, that the accounting informationcontained in this document corresponds to the documented results, books and accounting records.

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